Tele2 and Deutsche Telekom divest T-Mobile Netherlands
Stockholm – Tele2 AB (“Tele2”) (Nasdaq Stockholm: TEL2 A and TEL2 B) and Deutsche Telekom have agreed to sell T-Mobile Netherlands to funds advised by Apax Partners LLP ("Apax") and Warburg Pincus LLC ("Warburg Pincus") for an enterprise value of EUR 5.1 billion. The transaction provides an opportunity for Tele2 to realize value from the successful development in T-Mobile Netherlands and to conclude Tele2’s international consolidation. The Tele2 Board of Directors intends to propose an extraordinary dividend of at least SEK 11 per share, pending closing of the transaction and the receival of